Xiaomi has taken the global smartphone market by storm, and is now the No. 3 smartphone manufacturer in the world - but has previously said it doesn't want to just rush into markets and struggle. Instead, the company will continue its expansion outside of China and focus on India, Brazil, Mexico, and a select handful of other markets, while continuing to learn and evolve.

"We don't think that the US market is in our near-term plans," said Hugo Barra, Xiaomi VP for international operations. "Brazil and Mexico are far more interesting markets."

It would seem like only a matter of time before Xiaomi makes an entrance to the US market, but with most subscribers on a postpaid plan - the US market still is not a priority for the company. Meanwhile, Xiaomi is able to launch products such as the Redmi Note becoming the first 4G smartphone on the Indian market available for less than $160.